Real Estate

NEW YORK — Japanese fast-fashion giant Uniqlo is set to open its largest global flagship to date, an 89,000-sq.-ft. store on Fifth Avenue in Manhattan. The store, which will also be the larger single retailer on Fifth Avenue, will open on Oct. 14.

One week later, Uniqlo will debut a second flagship in Manhattan, a 64,000-sq.-ft. store 34th St. It will be the chain’s second largest global flagship

New York City -- A bankruptcy judge gave Books-A-Million the nod Monday to take over the leases of 14 Borders Group stores for just under $1 million.

The stores are located mostly on the East Coast, and Books-A-Million is expected to take over the leases effective Sept. 20.
 

Phoenix -- Cole Real Estate Investments said Monday that it has acquired a portfolio of 11 PetSmart retail properties for $74 million.

The approximately 300,000-sq.-ft. triple-net leased portfolio is located in primary markets in California, Florida, Illinois, Maryland, Massachusetts, Michigan and Texas. The 11 individual retail properties are leased to PetSmart, under one master lease, with an original 20-year lease term and approximately 10 years remaining, plus three automatic renewals for up to a total of 20 additional years.

Dallas -- Cypress Equities said that Freebirds World Burrito has signed a lease to occupy a portion of a new development in Fort Worth, Texas, adjacent to the company’s West 7th development.

The 2,370-sq.-ft. restaurant will mark the third Freebirds in Fort Worth, with other locations near Hulen Mall and at Alliance Town Center. Freebirds World Burrito is owned by Tavistock Restaurants and has more than 50 locations throughout Texas, California and Oklahoma.
 

Dallas -- SRS Real Estate Partners has announced the hiring of Jon Switzer as an associate in the Austin/San Antonio office.

Switzer will specialize in landlord representation, tenant representation, and be a part of the new SRS Urban team.
 

Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Brian S. Munn to the position of VP investments in the company’s Atlanta office.  Most recently, Munn held the position of senior associate.

The company also announced that it has promoted Kyle B. Matthews to the position of VP investments in its Encino, Calif., office. Most recently, Matthews held the position of associate VP investments.
 
 

Arlington, Texas -- Centro Properties Group US announced that Shoe Carnival will open a 10,210-sq.-ft. store at Bardin Place Center, located in Arlington, Texas. 

Bardin Place Center is owned by Centro Properties, based in New York City.
 

Los Angeles -- X Team International announced that Los Angeles-based partner Cypress Retail Group has been retained by Property Development Centers, a wholly owned subsidiary of Safeway Inc., to serve as the leasing agent for four shopping centers under development and redevelopment in the Los Angeles area.

The four shopping centers, located in La Canada, La Crescenta, Eagle Rock and Pasadena, are all being redeveloped, renovated or expanded, and are anchored by Vons, a Los Angeles-based, Safeway-owned grocery store.
 

Miami Beach, Fla. -- Terranova Corp. said that men’s fashion retailer Romo Italian Designers will open a 1,020-sq.-ft. store at the Crossing Shopping Village, in Miami.

The location is a first for the retailer under the Romo Italian Designers banner. The store is slated to open by the end of August. 

The Crossings Shopping Village is anchored by Publix, and tenanted by CVS, Blockbuster Video and Chicken Kitchen.
 

Mount Laurel, N.J. -- As part of its exclusive national representation of Lumber Liquidators, Metro Commercial announced that it has brokered seven leases totaling nearly 46,000 sq. ft. 

In Georgia, an 8,468-sq.-ft. store in Kennesaw Landing and a 6,000-sq.-ft. store in Newnan opened in July. A 10,151-sq.-ft. store in West Allis, Wis., recently opened, as did a 5,200-sq.-ft. store at Palmetto Palms Business Park in Miami. A second Florida location opened in St. Petersburg earlier this year.